Aberdein Considine’s wealth division has transitioned to a limited company, Aberdein Considine Wealth, trading as AC Wealth, following approval from the Financial Conduct Authority (FCA).

AC Wealth is now a separate legal entity to Aberdein Considine, with both firms maintaining a close working relationship based in the same offices and Aberdein Considine retaining a majority interest.

Clients of the new financial planning firm will continue to be supported by the legal, property, and mortgage capabilities of the law firm.

The FCA has approved AC Wealth as an independent business, and the firm’s team of 13 financial planners and 23 staff will transfer across to AC Wealth.

The firm said that these changes would enhance the service available to AC Wealth’s corporate and private clients, who will continue to receive financial planning services.

As part of the development, financial planners Russell Anderson, Alan Davidson, and Sam Goult have been appointed as shareholders.

AC Wealth is aiming to develop its financial planning service to more clients across Scotland, continuing with its client-centric approach.

“This is an exciting next step for the firm and will benefit our clients and team, developing our financial advice offering of the highest quality that is synonymous with the Aberdein Considine brand,” said AC Wealth CEO, Jen Paice.

“For some time now, and in line with our client-centric approach, our financial advice service has been transitioning from a traditional product-centric advice model, towards holistic financial planning, with a focus on clients’ broader financial goals and building lasting relationships with them, whether they require financial modelling, or advice on pensions, investments, estate planning or inheritance tax planning.

“For anyone looking to ensure their financial plans are on track to accommodate the changing legislation and get clear advice on how to make the most of their wealth, there has never been a more important time to get advice, whether building up your wealth or passing on wealth to family and loved ones.”

AC Wealth provides services for individuals, families, business owners, and organisations through its financial planning and employee benefits teams based across Scotland, from its headquarters in Aberdeen, Perth, Glasgow, and Edinburgh.

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